Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Asia-Pacific Crude-Condensate mostly sold amid firm demand

Published 23/07/2018, 08:40 pm
© Reuters.  Asia-Pacific Crude-Condensate mostly sold amid firm demand
BP
-
SHEL
-
LCO
-
CL
-
2010
-
GLEN
-

SINGAPORE, July 23 (Reuters) - Asia-Pacific condensate cargoes loading in September have mostly been sold, underpinned by firm demand in Asia, traders said on Monday.

CONDENSATE: Pertamina has bought at least one cargo of Alba condensate from Glencore (LON:GLEN) via its tender, traders said. The Indonesian refiner may have also purchased a North West Shelf (NWS) condensate cargo from Glencore, they said.

PTT may have bought Woodside's NWS condensate loading in end-August to early September while Fuhaichuang, former Dragon Aromatics, may have purchased Woodside's Pluto condensate loading in mid-September, traders said.

It has also emerged that BP (LON:BP) bought BHP's NWS condensate loading in late September earlier this month while it may have sold its Sept. 7-11 cargo to South Korea. This means South Korean end-users have taken at least half of the NWS condensate supplies in September as they seek replacements for South Pars condensate from Iran.

AUSTRALIA: Quadrant Energy has sold 400,000 barrels of Van Gogh crude loading on Sept. 24-28 at a small premium to dated Brent to an unknown buyer, traders said.

MALAYSIA: Petronas has sold 300,000 barrels of Labuan to Shell (LON:RDSa) although the price was not immediately known.

THAILAND: PTT has bought 400,000 barrels of Gippsland from Gunvor and 500,000-600,000 barrels of Wafa condensate from Vitol for Sept. 15-Oct. 10 delivery, traders said. It has also bought a cargo of Nigerian Light crude, they said, although the grade was not known.

RUSSIA: More September-loading Sokol crude will trade this week through sales tenders issued by ONGC and ExxonMobil. The grade's spot differential has touched close to one-year lows this month.

BRENT-DUBAI EFS

*Brent's premium to Dubai swaps DUB-EFS-1M was at $2.30 per barrel, up 2 cents for September.

TENDERS: PV Oil offered September-loading Rang Dong while Petronas will sell a Bunga Kekwa cargo. COUNTRY/COMPANY

GRADE

VOL

CLOSE (VALID)

LOADING DATE **VIETNAM/PV OIL

s:Rang Dong

2*200KB

July 24 (July 27) Sept 8-14,

24-30 **VIETNAM/PETRONAS s:Bunga Kekwa 300KB

July 25 (July 26) Sept 16-22 **RUSSIA/ONGC

s:Sokol

700KB

July 25 (July 26) Sept 19-25 VIETNAM/PV OIL

s:Thang Long 250KB

July 18 (July 26) Sept 4-8 VIETNAM/PV OIL

s:Ruby

350KB

July 18 (July 26) Sept 3-10 TAIWAN/CPC

b:sweet

July 25 (July 26) Sept **RUSSIA/EXXON

s:Sokol

1-2*700KB July 25

Aug 30-Sept

5, Sept 7-12

or 17-23 or

25-30 THAILAND/PTT

b:sweet

300-1000KB July 19 (July 20) Sept 15-Oct

10 arr INDONESIA/PERTAMIN b:sweet

3*950KB

July 18 (July 20) Sept 1-3 CFR A

Cilacap,

Sept 8-9 &

16-17 CFR

Balikpapan INDONESIA/PERTAMIN b:condensate 650KB

July 18 (July 20) Sept 1-3 A

200-300KB

Sept 8-10

650KB

Sept 13-15

REFINERY

China's top state energy group CNPC has started test runs at a new crude unit in subsidiary plant in Liaoyang that's designated to process Russian crude oil, the group said. independent refiner Shandong Haiyou Petrochemical Group and a chemical trader have filed for joint bankruptcy, according to a court filing, the latest sign of deepening pain for the sector amid high oil prices and greater regulatory scrutiny. Aramco's potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering, the firm's chief executive, Amin Nasser, said in a TV interview. Aramco aims to buy a controlling stake in petrochemical maker SABIC 2010.SE , possibly taking the entire 70 percent stake owned by Saudi Arabia's sovereign wealth fund, two sources familiar with the matter told Reuters. imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the OPEC country, a key supplier to Europe, according to Thomson Reuters trade flow data and shipping intelligence firm Kpler. U.S. oil and gas industry is lobbying against tighter sanctions on Russia that could impact U.S. investments there, congressional sources said. Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani's suggestion that Iran may block Gulf oil exports if its own exports are stopped and said negotiations with the United States would be an "obvious mistake". biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tupras is likely to stick to lower volumes in coming months. 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar oil and gas platforms in the British North Sea, Britain's largest labour union said, but any supply disruption was expected to be mitigated by using oil in storage. crude prices, oil product cracks and refining margins, please click on the RICs below.

Brent

BRENTSGMc1

Dubai

DUBSGSWMc2

Brent/Dubai EFS

DUB-EFS-1M

PRODUCT CRACKS

Fuel oil crack

FO180SGCKMc1

Gasoil crack

GOSGCKMc1

Naphtha crack

NAFOBSGCKMc1

Complex refining margins REF/MARGIN1

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.